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Swiss gold exports to Asia tumble as bullion flows to London

LONDON (Reuters) - Switzerland’s gold exports to China and India dwindled in September, with the country instead importing record volumes of bullion from Hong Kong and sending metal to Britain, customs data showed on Tuesday.

Gold prices end higher as investors focus on talks on coronavirus relief (MarketWatch)

With fresh hope for a U.S. stimulus, positive vaccine news from the UK and noted weakness in the dollar, the “path of least resistance in the gold and silver markets is pointing upward,” said analysts at Zaner Metals in a Monday note. “Furthermore, gold and silver should draft support from favorable Chinese economic news which showed better-than-expected retail sales and an overall growth level commensurate with pre-Covid-19 levels,” they said.

Gold rises on dollar dip, hopes for U.S. relief package (Reuters)

(Reuters) - Gold rose about 1% on Monday as the dollar retreated and expectations for a U.S. stimulus deal ahead of the Nov. 3 presidential elections bolstered bullion’s appeal as an inflation hedge.

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